2603 Mary Pl Fort Washington, MD 20744
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About this home
MOTIVATED SELLER – Walk in With Equity! Savvy buyers, take note! This home recently appraised for more than the list price, giving you the opportunity to walk in with equity. The seller is motivated and will consider offering closing cost assistance. Welcome to this beautifully updated split-foyer home, tucked away on a quiet cul-de-sac in the heart of Fort Washington—offering the perfect combination of comfort, style, and commuter convenience. Home features: 4 spacious bedrooms, 3 full baths, and generous storage space in the laundry/mechanical room. The flexible layout suits a variety of modern lifestyles. Upstairs, enjoy refinished hardwood floors, a cozy wood-burning fireplace, and sun-drenched open-concept living. The updated kitchen boasts stainless steel appliances, granite countertops, white cabinetry, and a designer tile backsplash—ideal for everyday living or entertaining. The primary suite includes a private en-suite bath, while two additional bedrooms share a remodeled hall bath. The lower level features a second fireplace, a large fourth bedroom, a third full bath, and a separate entrance—perfect for guests, a home office, or media room. Recent upgrades include: New HVAC (2023) New sump pump (2024) Energy-efficient windows Washer/dryer Vivint security system $12,000 in custom blinds Screen door leading to the backyard Enjoy privacy with a fully fenced backyard and no direct rear neighbors. Relax or entertain on the spacious deck overlooking mature trees. Ideally located near MD-210, I-495, I-295, the Woodrow Wilson Bridge, and metro stations (Branch Ave & Southern Ave). Just minutes from Fort Washington Park, Oxon Hill Farm, National Harbor, Tanger Outlets, and Old Town Alexandria. Important note: During inspection, step cracks—common in this region—were identified in the brick foundation. The recommended solution can be addressed by the new owner when ready. The seller is willing to provide compensation to help offset transition costs.
Source: BRIGHT #MDPG2156628
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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